GMC 0.00% 0.6¢ gulf manganese corporation limited

Well its good news for GMC shareholders that money will be...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,695 Posts.
    lightbulb Created with Sketch. 295
    Well its good news for GMC shareholders that money will be forthcoming to complete the smelter. Didn't I say that GMC need another $15 million. Every GMC shareholder said BS, well they need the $15 million minimum. So who was right????
    However churning out ferro-manganese by mid 2018, I can't stop laughing about that one, must be April fools day. Maybe by year end they'll possibly get it ready, but no way are GMC going to produce FeMn at a run rate of 30,000 tonnes/pa any time this year.
    The next big hurdle will be the cost of power to produce FeMn, GMC is so far off the mark with the cost of power/electric that I'm surprised the investors haven't done their sums.
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.